What a difference a year makes. In March 2020, the first coronavirus cases started being reported, before snowballing in the US. Since then, like most, the country and its banks have had to deal with movement restrictions that sank the economy into recession — although economic activity now seems to be on the mend. In this scenario, profitability and asset quality were particularly hard to maintain. Yet, banks, generally, performed well.
In particular, Morgan Stanley’s growth in assets, loans, deposits and operating income were substantially higher than the other large US banks, according to The Banker’s latest performance ranking, which scores banks based on eight indicators. Only the 20 largest lenders headquartered in the US are included in the performance analysis.
